Gemini, the U.S.-based cryptocurrency exchange founded by the Winklevoss twins, has received in-principle approval from Singapore’s Monetary Authority (MAS) for its Major Payment Institution license. This preliminary approval allows Gemini to offer digital payment token services within Singapore, advancing the exchange’s Asia-Pacific expansion. Once fully licensed, Gemini can provide local users with regulated access to crypto trading, payments, and custodial services. This regulatory progress aligns with Singapore’s ambition to position itself as a global crypto hub, while ensuring robust consumer protections and compliance standards for digital assets.